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Friday, March 1, 2013

Seeking Alpha: Joy Global Tries To Beat The Cycle With Better Margins

The mining equipment industry is in a cyclical rough patch. This is not news; we've heard similar information from Caterpillar (CAT) and Atlas Copco (ATLKY.PK) among others, and the signs of a slowdown at Joy Global (JOY)
have been apparent for some time. With the magnitude and timing of a
significant recovery both key unknowns, one of the critical factors for
Joy Global in the interim will be solid operating performance. News has
been encouraging on that front, but investors have to be pretty bullish
on the long-term outlook for the mining sector to see major value in Joy
Global shares today.

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I started this blog as a way of archiving my writing for sites like Investopedia, as well as posting some thoughts on the markets, stocks, or whatever else strikes my fancy.
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